Pikes Peak or Bust Rodeo Foundation

Analysis

Pikes Peak or Bust Rodeo Foundation is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2024, Pikes Peak or Bust Rodeo Foundation reported income of $4.0m and spending of $6.8m, spending 170% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income grew from $1.3m to $4.0m (+206%), an average of +32% a year. The sharpest change came in the year to January 2022, when income rose by 148%. Over the whole period it spent 128% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pikes Peak or Bust Rodeo Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CO. Charities of a similar size with the same main cause include Community Foundation of Hancock County Inc ($4.0m), Mba Opens Doors Foundation ($4.0m) and Community Foundation of East Central Illinois ($4.0m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $69k. At year end it held assets of $475k against liabilities of $106k, net assets of $369k.